◂ Announcements

Nov 9, 2020EXPANSIONBurlington, Ontario, Canada

FSI receives FedDev Ontario investment for aerospace production line

Formula Solutions Inc (FSI) received a C$3.1 million repayable contribution from FedDev Ontario to purchase new equipment and add an automated production line, creating 70 jobs in Burlington.

Value

$2.30M (3.10M CAD)

Jobs

Status

Announced

Capacity

10,000 complex aircraft components per year

Productscomplex aircraft components

CompaniesFormula Solutions Inc FedDev Ontario investor

Sectors#Aerospace Components

“Advanced manufacturing supports well-paying jobs in communities across Canada while producing the quality goods that the world needs.”airport-technology.com

1 source
airport-technology.comCanadian aerospace firm FSI wins FedDev Ontario’s investmentJangoulun SingsitNov 8, 2020

Summarized from public sources; check the original articles before acting on it.

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